Philippines Delays Award of Key Bridge Project Amid China Risk

The Philippines deferred the awarding of a project that’s part of a plan to build one of the world’s longest marine bridges after local opposition over the potential involvement of a Chinese company due to national security fears.

The proposals are “undergoing thorough review” by the Asian Development Bank, which acts as a lender and an overseer of the project to ensure it meets international environmental and governance standards, Manila’s public works department said in a statement on Monday in response to queries from Bloomberg.